WestRock Reports Fiscal 2023 Third Quarter Results
Third Quarter Highlights and other notable items: *Net sales of $5.121 billion *Net income of $202 million, Adjusted Net Income of $229 million *Earned $0.79 per diluted share (“EPS”) and $0.89 of Adjusted EPS *Consolidated Adjusted EBITDA of $802 million; Corrugated Packaging segment Adjusted EBITDA increased 11.6% year-over-year *Results negatively impacted by $89 million due to economic downtime and a $39 million increase in non-cash pension costs year-over-year; WestRock’s U.S. qualified and non-qualified pension plans remain overfunded